Doric Nimrod Air Three (LSE:DNA3) Cash-to-Debt : No Debt ⁽¹⁾ (As of Sep. 2023)

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What is Doric Nimrod Air Three Cash-to-Debt?

Cash to Debt Ratio measures the financial strength of a company. It is calculated as a company's cash, cash equivalents, and marketable securities divide by its debt. Doric Nimrod Air Three's cash to debt ratio for the quarter that ended in Sep. 2023 was No Debt ⁽¹⁾.

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. Here we can see, Doric Nimrod Air Three could pay off its debt using the cash in hand for the quarter that ended in Sep. 2023.

(1) Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

The historical rank and industry rank for Doric Nimrod Air Three's Cash-to-Debt or its related term are showing as below:

LSE:DNA3' s Cash-to-Debt Range Over the Past 10 Years
Min: 0.03 Med: 0.1 Max: No Debt
Current: 0.58

During the past 7 years, Doric Nimrod Air Three's highest Cash to Debt Ratio was No Debt. The lowest was 0.03. And the median was 0.10.

LSE:DNA3's Cash-to-Debt is ranked worse than
58.81% of 1061 companies
in the Business Services industry
Industry Median: 1.01 vs LSE:DNA3: 0.58

Doric Nimrod Air Three Cash-to-Debt Historical Data

The historical data trend for Doric Nimrod Air Three's Cash-to-Debt can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Note: An indication of "No Debt" does not necessarily mean that the company has no debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.

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Doric Nimrod Air Three Cash-to-Debt Chart

Doric Nimrod Air Three Annual Data

Trend

Mar17

Mar18

Mar19

Mar20

Mar21

Mar22

Mar23

Cash-to-Debt

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0.06

0.09

0.14

0.21

0.57

Doric Nimrod Air Three Semi-Annual Data
	Sep15	Sep16	Mar17	Sep17	Mar18	Sep18	Mar19	Sep19	Mar20	Sep20	Mar21	Sep21	Mar22	Sep22	Mar23	Sep23
Cash-to-Debt	Get a 7-Day Free Trial											0.16	0.21	0.27	0.57	No Debt

Competitive Comparison of Doric Nimrod Air Three's Cash-to-Debt

For the Rental & Leasing Services subindustry, Doric Nimrod Air Three's Cash-to-Debt, along with its competitors' market caps and Cash-to-Debt data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Doric Nimrod Air Three's Cash-to-Debt Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, Doric Nimrod Air Three's Cash-to-Debt distribution charts can be found below:

* The bar in red indicates where Doric Nimrod Air Three's Cash-to-Debt falls into.

Doric Nimrod Air Three Cash-to-Debt Calculation

This is the ratio of a company's Balance Sheet Cash And Cash Equivalents to its debt. The debt includes the Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation. This ratio measures the financial strength of a company. This ratio is updated quarterly.

Doric Nimrod Air Three's Cash to Debt Ratio for the fiscal year that ended in Mar. 2023 is calculated as:

Cash to Debt Ratio	=	Balance Sheet Cash And Cash Equivalents	/	Total Debt
	=	Balance Sheet Cash And Cash Equivalents	/	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)
	=	13.692	/	(0	+	24.136)
	=	0.57

Doric Nimrod Air Three's Cash to Debt Ratio for the quarter that ended in Sep. 2023 is calculated as:

Doric Nimrod Air Three had no debt ⁽¹⁾.

Doric Nimrod Air Three (LSE:DNA3) Cash-to-Debt Explanation

If Cash to Debt ratio is greater than 1, the company can pay off its debt using the cash in hand. If it is smaller than 1, it means the company has more debt than the cash in hands. In this case, it is important to look the the company's Interest Coverage. Ben Graham requires that a company must have an Interest Coverage of at least 5.

Doric Nimrod Air Three Cash-to-Debt Related Terms

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Doric Nimrod Air Three (LSE:DNA3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Business Services » Doric Nimrod Air Three Ltd (LSE:DNA3) » Definitions » Cash-to-Debt

Comparable Companies

Traded in Other Exchanges

N/A

Address

Dorey Court, Admiral Park, PO Box 156, Saint Peter Port, GGY, GY1 4EU

Website

https://www.dnairthree.com

Doric Nimrod Air Three Ltd is a Guernsey-domiciled company. Its investment objective is to obtain income returns and a capital return for its shareholders by acquiring, leasing, and then selling aircraft. The Company is engaged in a single segment of business, being acquiring, leasing and then selling of the Aircraft. The company has four Airbus A380 aircraft, which it is leasing to Emirates Airline.

Doric Nimrod Air Three (LSE:DNA3) Headlines

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Doric Nimrod Air Three (LSE:DNA3) Cash-to-Debt : No Debt (1) (As of Sep. 2023)